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A leading retail chain disclosed a massive data breach affecting over 50 million customers’ personal information, including names, addresses, and payment details.
The cyberattack, detected last week, exploited a vulnerability in the company’s online payment system.
Hackers, believed to be part of an international cybercrime ring, accessed the data over several months.
The company has shut down affected systems, engaged cybersecurity experts, and notified affected customers, offering free credit monitoring.
Authorities, including the FBI and Europol, are investigating.
The breach is one of the largest this year, fueling concerns about retail cybersecurity and consumer trust.
The company faces potential lawsuits and regulatory fines, with shares dropping 15% after the announcement.
Experts urge stronger encryption and multi-factor authentication to prevent future attacks.




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